Oil prices continued to decline on Thursday, weighed by the postponement of the OPEC+ alliance meeting, fueling rumors of discord between its members and casting doubt on whether Saudi Arabia will maintain its voluntary production cuts. Thus, Brent crude edged 0.7% down at $81.42 per barrel, while WTI crude settled 1% lower at $76.40 per barrel.
read more... 24/11/2023
Oil prices fell on Wednesday, after having initially stalled following the postponement of the OPEC+ alliance meeting from Sunday to Thursday November 30, with analysts believing that the postponement was linked to divergence within the alliance. Consequently, Brent crude settled at $81.96 per barrel, while WTI crude ended at $77.10 per barrel, down 1% day-on-day.
read more... 23/11/2023
Oil prices changed slightly on Tuesday, reflecting a cautious market stance in anticipation of a weekend shortened by the Thanksgiving public holiday. The market is also marked by the highly awaited OPEC+ meeting scheduled for Sunday. Consequently, Brent crude ended at $82.45 per barrel, while WTI crude ended at $77.77 per barrel.
read more... 22/11/2023
Ministers of nine northwestern EU countries have agreed to commit to a combined annual offshore wind capacity auction of 15 GW to improve planning and coordination, they said after a joint meeting on Monday.
read more... 22/11/2023
Oil prices rallied further on Monday amid speculations that OPEC+ is considering deeper cuts at the 26 November meeting in Vienna. Consequently, Brent crude settled at $82.32 per barrel, up by 2% day-on-day. WTI crude climbed by 2.6% to end at $77.83 per barrel.
read more... 21/11/2023